E Ink Buying Large Chunk Of SiPix, Becomes Huge E-Paper Player
"E Ink is committed to growing the ePaper market and the purchase of SiPix shares is part of our long term growth strategy," said Scott Liu, Chairman of E Ink Holdings. "Our goal is 'E Ink On Every Smart Surface' and we are continuing to make investments in technologies that will open new markets for our ePaper displays."There are a lot of ways to spin it, but the end result is a larger company "with a larger global network of offices to support customers in different geographies."
"In the recent past, we enabled an entire eReader market with our electronic paper," said Felix Ho, Vice Chairman of E Ink Holdings. "Today, E Ink's products are finding homes in a number of new applications which can be better served with the inclusion of SiPix's products, technologies and intellectual property to our portfolio."
E Ink has reached an agreement to buy 82.7% of SiPix's (STI) shares and is seeking to buy up to 100%. If all goes well, the deal will close in Q4, after which it'll be really hard for you to start your own e-paper company and come close to competing on a global scale.